$ETH Take a look at the trends on the daily, 4-hour, and 1-hour charts.

The daily chart has already formed a top pattern. The 3380 level has been tested three times, but it hasn't been able to hold. From the candlestick perspective, there's no strength. As the weekend approaches, market liquidity will decrease, and the probability of an upward move is low. Looking at the volume-price relationship, the rally is already losing momentum.

The 4-hour chart shows some interesting signs—MACD has a death cross at a high level, and the 3380 area has been tested five times without success. The lows are also trending downward, indicating that a pullback might be necessary before continuing the rally.

On the 1-hour chart, this hidden move has been tested multiple times with success before. The two bullish candles at 1 PM and 2 PM? They show a volume-constrained rise, with no real strength. The key point is that MACD is currently in a bullish crossover below the zero line, but it's very close to zero. I tend to think this is a trap to lure buyers—once near the zero line, a reversal downward is possible. Based on this logic, it’s safer to focus on short positions.

The resistance levels are: 3326, 3339, 3360, 3380